EABL debt to top Sh30bn after Stanbic Bank loan

EABL chairman Charles Muchene (left) and finance director Gyuri Geiszl at a past function. PHOTO | Jeff Angote | NMG

East African Breweries Limited (EABL) #ticker:EABL move to secure a Sh12.5 billion long-term loan from Standard Bank Group to build a Senator Keg plant could see its total debt top the Sh30 billion mark.

The fresh loan from the Standard Bank Group, of which about Sh2 billion has already been drawn, is set to add up onto EABL’s net loans which stood at Sh25.9 billion as at December 31.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.